At the dawn of 2022, the cries of “Happy New Year” have an empty ring for most people, because most people are not happy at all. In the past, in troubled times, they looked for consolation in religion. But nowadays, the churches stand empty. Instead, people have tended to take refuge in their local pub, or perhaps in the cinema, which have become something like a modern opium of the people. But given that many of these are closed, many have nowhere else to seek comfort than in their television set.
What would Karl Marx think? New magazine out now!
The International Marxist Tendency is proud to present the Winter 2022 edition of the in Defence of Marxism theoretical journal. The feature article in this issue takes on the Austrian School of economists who attempted to ‘disprove’ Marx’s economic theory and the very possibility of socialist planning. We publish the editorial by editor-in-chief Alan Woods below.